Nifty slumps most in 8 months

Fear gauge India Vix rose 7.63% to 12.73 as Nifty fell way past the crucial 25,500 mark

- Srushti Vaidya

MUMBAI: Global trade jitters erased investor wealth by a staggering 9.86 trillion on Tuesday, as the Nifty index plunged the most in eight months. In the background, tariff tensions rose between the US and its Nato allies over Greenland, and uncertainty lingered over the India-US trade deal.

Market signals point to a turbulent time ahead. Fear gauge India Vix rose 7.63% to 12.73 as the Nifty fell way past the crucial 25,500 mark, suggesting increased volatility and further decline. The Nifty closing below its 50-day simple moving average also suggests a downtrend.

The Nifty fell 1.38% or 353 points to close at 25,232.5, its lowest since May 13, 2025, while the Sensex fell 1.28% or 1065 points to 82,180.47. The rupee fell 0.07% to a new low of 97.9 to the dollar, as foreign investors sold shares. Bears remained firmly in control-out of Nifty's 50 stocks, 47 fell while just three rose. The top losers were Adani Enterprises, Bajaj Finance, Jio Finance, Eternal and Coal India.

The fall in Nifty also comes after retail investors sold largecap stocks while domestic institutional investors (DIIS) net sold shares worth 3,665 crore and FIIs sold a lower amount of ₹2,938 crore, as per provisional data.